September 2015, Vol. 242, No. 9

Features

Beyond Compliance: Reducing Major Incidents, Creating Business Value

In the five years since the Deepwater Horizon spill in the Gulf of Mexico, operators have undergone progressively tighter regulatory restrictions in both offshore and onshore environments. Along with restructuring the Department of the Interior to include the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM), more than seventeen reforms have been implemented since the 2010 accident, targeting everything from well-design to maintenance reviews to safety culture. Navigating these developments requires the effective use of a safety management system to maintain compliance and reduce risk. However, as the drop in the price of oil places fu

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